MATT TAIBBI: People refuse to look at these banks and think of them as organized crime organizations. They in their eyes, organized crime is always either the Italian mafia or the Irish mafia. This isn’t what it looks like.
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The Mortgage Crisis, MERS, and Chapter 13 Nashville School of Law Doctorate of Jurisprudence Candidate, 2012 615-496-4361 email@example.com 4/30/2011 By Michael Wennerlund The.
Cross posted from The Stars Hollow Gazette. Attorney General Eric Holder claimed that the banks were too big and too hard to prosecute for the "massive criminal securities fraud" behind the high risk mortgage securities that led up to the 2008 financial collapse. Instead the Justice Department opted for civil settlements with large fines with no admission of any wrong doing.
We all know that Mortgage Electronic Registration Systems (MERS) has been pretty thoroughly discredited although there are still many judges whose attitude is "so what", and the foreclosure goes forward anyway. MERS does not meet the statutory requirements to be a beneficiary under a deed of trust nor a mortgagee under a mortgage deed.
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Ingham County Sues MERS For Unpaid Real estate transfer taxes Steve Dibert, MFI-Miami, I’ve been contemplating for the past week about how I was going to start this article when I finally realized the best way to start it was to write: "Contrary to popular belief, MERS is not an illegal entity."
It is a giant, raging hurricane of theft and fraud, spinning its way through America and leaving a massive trail of wiped-out retirees and foreclosed-upon families in its wake.’ Matt Taibbi, Foreclose The Banks
Cenk Uygur interviews Matt Taibbi from Rolling Stone on Current TV on Bank of America being too crooked to fail, March 22, 2012: bid rigging and sale of poor quality mortgage-backed securities. video and transcript.